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PayGo Energy develops clean cooking products for off-grid communities in Africa and Asia, sold on a pay-per-use model.
Founded in 2014 and headquartered in Fort Worth, US, PayGo Energy makes clean cooking technologies for off-grid households and small businesses, with products deployed in Kenya, Nigeria and Tanzania. Customers pay per unit of energy used, and sales run through direct channels and local retailers and distributors. The company is at the Seed stage and has completed six deals. Its latest round in April 2023 raised USD 1.43 mn, and Sun King, a portfolio company of Bamboo Capital Partners and others, has acquired it.
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